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South Korea Nov 1-20 exports tumble on weak demand for chips, China woes




SEOUL – South Korea’s exports for the primary 20 days of November shrank 16.7 p.c from the identical interval a yr in the past, dragged down by weak demand for chips and from China, customs company information confirmed on Monday.

The nation’s imports fell 5.5 p.c, bringing the commerce stability to a $4.42- billion deficit, on monitor for an eighth straight month within the crimson.

Shipments to China dropped 28.3 p.c, whereas these to the US and European Union had been up 11 p.c and down 1.5 p.c, respectively.

By product, gross sales of semiconductors fell 29.4 p.c and wi-fi communication units misplaced 20.6 p.c, however these of vehicles and petroleum merchandise gained 28.6 p.c and 16.1 percen…

Carry on studying: South Korea Nov 1-20 exports tumble on weak demand for chips, China woes

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